Per Capita Personal Consumption Expenditures: Goods for Virginia
VAPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,534.00
Year-over-Year Change
50.97%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Virginia' metric tracks consumer spending on goods in the state of Virginia. It is a key indicator of economic activity and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total personal consumption expenditures on goods per capita in Virginia. It is a widely-used measure of consumer behavior and confidence that provides insights into the health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor this trend to assess consumer spending patterns and their implications for economic growth.
Key Facts
- Virginia's per capita goods consumption has increased by 20% over the past decade.
- Goods spending accounts for over 40% of total personal consumption in Virginia.
- Consumer demand for goods is a key driver of Virginia's economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total personal consumption expenditures on goods per capita in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer behavior and confidence, which are important indicators of economic health and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess consumer spending patterns and their implications for economic growth in Virginia.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Virginia (VAPCEPCG), retrieved from FRED.